Diamond conglomerate is latest company to pledge to work ethically.
Eurostar Diamond Traders joins more than 260 companies and trade associations in the RJC’s membership. In joining RJC, Eurostar Diamond Traders has agreed to align its commitment to transparent business endeavours with the RJC’s mission to advance ethical practices throughout the jewellery supply chain from mine to retail.
Like all other commercial members of the RJC, Eurostar Diamond Traders will be audited by accredited third-party auditors to verify its conformance with the RJC Code of Practices within two years of joining the Council.
RJC vice-chairman and Rio Tinto general manager of external relations John Hall said: “The RJC is proud to welcome Eurostar, a leading company in every respect. With 6,000 employees and operations in seven cities globally, Eurostar’s sales surpasses $1.5 billion which gives it the leading position as the number one value-adding diamond company.
“Professionalism is at the foundation of Eurostar’s outstanding market reputation as they are amongst the few companies within the industry running on a globally-integrated SAP platform, which together with their in-house pioneered proprietary diamond cutting and polishing standards, provides clients with a sustainable competitive edge.”
Eurostar Diamond Traders was founded in Antwerp, Belgium in 1978. It is a global diamond conglomerate with operations in Antwerp, Dubai, Gaborone, Hong Kong, Mumbai, New York, and Shanghai.
Eurostar Diamond Traders chairman Kaushik Mehta said: “By joining the RJC, we are proud to demonstrate our commitment to corporate social responsibility. As one of the premier diamond manufacturing factories in the world, Eurostar Diamond Traders has the highest regard for integrity and ethics and integrates these values in its daily business so as to actively contribute to sustainable development.”